SBI Magnum Multicap Fund

SBI Magnum Multicap Fund has given below average performance. However performance has seen improvement ever since new manager Richard D'souza took over in December 2011. If you have invested in this fund you can exit it now to invest in one of the top funds.

Where does SBI Magnum Multicap Fund invest your money?

SBI Magnum Multicap Fund is a multicap fund which means your money will be invested in large, medium and small size companies. Large cap companies tend to be stable compared to mid cap and small cap companies. This fund has 62.28% exposure to large companies, 26.53% exposure to medium size companies and about 8% exposure to small size companies.

Suitable for what?
  • Creating wealth
  • Lifestyle needs
Not suitable for?
  • Child's education
  • Child's marriage
  • Planning for retirement
  • Home Purchase
Our recommendation for fresh investment
Not Recommended
Our recommendation for existing investment
Not Recommended
How has SBI Magnum Multicap Fund performed in the past?

If you had invested Rs 1 lakh when the fund was launched at Sep 2005, your value of investments would be around Rs 1.84 lakhs. If you had invested Rs 1 lakh five years back it would have become Rs 1.04 lakhs. The performance has not been better than that of other mutual funds belonging to the same category. The fund has been giving at around 0.83% every year for those who stayed invested for last 5 years.

Assume you had invested Rs 10,000 every month in SBI Magnum Multicap Fund through SIP for the past 5 years today you would have around Rs 8.4 lakhs. 

What charges apply?

If units are sold within a year an exit load of 1% is deducted from your total returns. No exit load applies for units withdrawn post one year. Expense ratio of SBI Magnum Multicap Fund is 2.31%. This is charged to recover the fund management company’s expenses on securities’ transactions, commissions, registrar fees, etc. Your mutual fund returns will be total returns less expense ratio.

What are the tax implications?

The returns in an equity mutual fund are absolutely tax free, provided you do not withdraw within 1 year. SBI Magnum Multicap Fund does not qualify for sec 80C ELSS benefits.

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